What is Customs Brokerage?
Customs brokers assist with the transactions that companies face when trading internationally. Still, the question is: what is customs brokerage and what does a customs broker do?
What is a Customs Broker?
A customs broker is a private individual that is both licensed and regulated by governments to assist with international trading. Staying up-to-date with changing regulations and proper designations, allow customs brokers to assist importers and exporters with the trading process.
What a Customs Broker Does
Customs brokers assist importers and exporters to help meet requirements set by governments. For instance, helping clients provide necessary documentation for their goods that are crossing the border.
Why Do I Need to Use a Customs Broker?
Trade agreements, regulations and other rules are constantly changing. As a result, companies often face penalties due to their unawareness of such changes. Using a customs broker can help avoid such penalties by ensuring the proper documentation is always in order.
What's Special About a Customs Brokerage Firm?
In order to transact Customs business; corporations, partnerships and associations must have a broker license. To get that license, a business must have at least one individually licensed officer, partner or associate to qualify.